https://www.taxtmi.com/caselaws?id=434000 The tribunal partly allowed the appeal, upholding the Principal Commissioner of Income Tax's order on the claim of foreign exchange loss on notional entries but setting aside the order on the discrepancy in purchase figures and mismatch in export sales. It emphasized that revisionary powers should not be used solely for verification and stressed adherence to principles of natural justice. en-us Wed, 08 Feb 2023 00:00:00 +0530 Wed, 15 Feb 2023 08:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434000 The tribunal partly allowed the appeal, upholding the Principal Commissioner of Income Tax's order on the claim of foreign exchange loss on notional entries but setting aside the order on the discrepancy in purchase figures and mismatch in export sales. It emphasized that revisionary powers should not be used solely for verification and stressed adherence to principles of natural justice. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434000